This form is a Stock Option and Award Plan. The purpose of the plan is to secure for the stockholders the benefits of the incentive in stock ownership. The transactions are intended to comply with all applicable conditions of Rule 16b-3.
Michigan Stock Option and Award Plan
Instant download
Description
Free preview
How to fill out Stock Option And Award Plan?
You can spend hours online looking for the authentic document template that complies with the federal and state requirements you require.
US Legal Forms provides thousands of genuine forms that have been evaluated by professionals.
You can effortlessly acquire or print the Michigan Stock Option and Award Plan from your service.
If available, use the Review button to browse through the document template as well.
- If you already possess a US Legal Forms account, you can Log In and then click the Download button.
- After that, you can fill out, modify, print, or sign the Michigan Stock Option and Award Plan.
- Every legitimate document template you obtain is yours forever.
- To get another version of any purchased form, visit the My documents tab and then click the corresponding button.
- If you are using the US Legal Forms website for the first time, follow the basic instructions below.
- First, ensure that you have chosen the correct document template for the area/region of your choice.
- Check the form outline to ensure you have selected the right template.
Form popularity
FAQ
Stock options are a form of compensation. Companies can grant them to employees, contractors, consultants and investors. These options, which are contracts, give an employee the right to buy, or exercise, a set number of shares of the company stock at a preset price, also known as the grant price.
Stock options are usually granted for a specific period (option term) and must be exercised within that period. A common option term is 10 years, after which, the option expires. While time-based vesting remains popular, companies are increasingly granting equity that vests upon meeting certain performance criteria.
Stock options are an employee benefit that grants employees the right to buy shares of the company at a set price after a certain period of time. Employees and employers agree ahead of time on how many shares they can purchase and how long the vesting period will be before they can buy the stock.
An employee stock option is the right given to you by your employer to buy ("exercise") a certain number of shares of company stock at a pre-set price (the "grant," "strike" or "exercise" price) over a certain period of time (the "exercise period").
From the employee's standpoint, a stock option grant is an opportunity to purchase stock in the company for which they work. Typically, the grant price is set as the market price at the time the grant is offered.
Exercising a stock option means purchasing the issuer's common stock at the price set by the option (grant price), regardless of the stock's price at the time you exercise the option.
With a stock award, you receive the company's stocks as compensation. Depending on the type of stock, you may have to wait for a certain period before you can fully own it. A stock option, on the other hand, only gives you the right to buy the company's stocks in the future at a certain price.
If the employee sells the shares within one year 15% tax is levied against the capital gains. If the employee sells the shares after one year they are considered long term assets and are not taxable.
Stock Awards means any rights granted by the Company to Executive with respect to the common stock of the Company, including, without limitation, stock options, stock appreciation rights, restricted stock, stock bonuses and restricted stock units. Sample 2.
An award that gives you the ability to purchase shares of company stock at a specified price for a fixed period of time.
